The ‘I need MRT because…,contest is an easy and fantastic opportunity for you to publicly express your ideas on why you need the MRT and win public acclaim along with cash prizes. You have to write lines that capture best ‘your reasons’ for needing the MRT and put up images that go with the lines. After that all you have to do is to get friends and family to vote for your entry.

Incentives
The four winning entries (three monthly winners and a grand prize winner) will also be used as inspiration for MRT Corp’s upcoming advertisements.

Cash Prizes

MRT Corp is also giving away RM5,000 every month for three months to the entries that receive the most votes each month (note: contest begins 23rd September 2012 and the first winner will be announced on 23rd October 2012. Subsequent winners will be announced on the 23rd of each following month until December, 2012).

Furthermore, all monthly winners are eligible for the Grand Prize worth RM10,000 in cash. Whether you have just recently entered or even if you have already won a monthly prize, the entry that has earned the most votes overall by the end of the contest period will become our Grand Prize winner.

*A total of RM500mil will be spent by PR1MA to build 80,000 houses in major locations nationwide with the selling price ranging between RM100,000 and RM400,000 per unit. Among the locations are Kuala Lumpur, Shah Alam, Johor Bahru, Seremban and Kuantan.

*PR1MA will provide the Housing Facilitation Fund totalling RM500mil to build houses in collaboration with private housing developers. The house prices under this programme will be 20% lower than the market price and distributed through an open balloting system.

*To enable more Malaysian own their first residential property, My First Home Scheme, which was launched under the previous Budget, will be improved by increasing the income limit for individual loans from RM3,000 to RM5,000 per month or joint loans of husband and wife of up to RM10,000 per month.

*In a bid to curb speculation, the Government proposes the real property gains tax (RPGT) from the disposal of properties made within a period not exceeding 2 years from the date of purchase will be taxed at the rate of between 15% and 10% of disposal of property within a period of 2 to 5 years. For property disposed after 5 years from the date of acquisition, RPGT is not applicable

*Felda will implement and complete new generation housing projects amounting to 20,000 units for a period of five years on 5,000 acres of land in Felda areas. The project will cost a sum of RM1.5bil

*The 1Malaysian Development Berhad Trust will allocate RM300mil to provide education grants and financial assistance to build rumah arau pre-school students in the interior of Sarawak, 1Malaysia Mobile Clinic and repair houses for the poor and needy

Ampang LineExtension
The proposed Ampang extension line starts from Sri Petaling Station and passes through Kinrara, Puchong, and ends at Putra Heights. The extension is 17.7km long with 12 new stations.

Amendments to the section of the alignment is from CH. 15.2km to CH. 17.7km. For details, refer to route map.

All stations will have facilities such as lifts, escalators, public telephones, suraus and public toilets. The stations will also be equipped with Universal Access facilities such as ramps, tactile tiles, low ticket counters and toilets for the disabled.

The project is expected to be completed in 2014.

Kelana Jaya Line Extension
The proposed Kelana Jaya Line Extension will begin from Kelana Jaya station and pass through 13 new stations, including Subang Jaya and USJ before ending at Putra Heights, covering a distance of 17km.

All stations will have facilities such as lifts, escalators, public telephones, surau and public toilets. The stations will also be equipped with Universal Access facilities such as ramps, tactile tiles, low ticket counters and toilets for the disabled.

Property values are a function of quality and quantity. Quality is the physical dimension of real estate, i.e. Size, while quality is a subjective scaled dimension.

Market value are calculated based on Market comparison method, cost method and income method.

In Market comparison method, unit of similar location, size and condition are make into consideration when determine the value of property.

In cost method, which normally property developer use to determine the selling price of property is determined based on cost of land and construction plus margin required.

In income method, the value of property is determined based on upon the typical investor’s yield requirements.

Why and How to use comparison method?

1) Accuracy – Market demand and supply

Compare to cost method which normally applicable to developer and income method which normally applicable to commercial property. Comparison method is more widely use and provide more accurate data based on supply and demand force of the market.

2) To estimate property value

To estimate property value, the following must take into considetation:

* Location

* Tenure, title, size, condition.

* Sold date

If there is no directly comparable unit in the market, a similar unit can be use with appropriate discount/premium added to the property based on unit conditions and date.

Location is the single most important factor that determine the value of the property.

While the previous theme is invest in KLCC area and Mont Kiara area which foreign investors help push up the price, the price of high-rise property in city centre area already reached RM1800+ per square feet.

With this type of pricing, we believe the future increase will be limited and this type of property already become investment products for investors with deep pockets.

New investment opportunities arise when the government of Malaysia announce the plan to build 3 MRT Lines and extend the 2 LRT line to cover most part of the Klang Valley.

Properties within 500m (walking distance) of MRT station will become one of the greatest place to invest in.

Why Invest In Property Near MRT Stations?

1) Rental Yield

Easy to source for tenant and bigger catchment coverage

No need to target people working near your property, the range is now include any person that work near any public transport station in Klang Valley.

2) Price Appreciation

Price of property appreciate due to increase in demand and rental income, when the full effects of MRT are being realized starting from year 2017, your property near MRT station will allow you to retire early.

3) Own Stay

Benefits from the convenience of dual-mode transportation, its up to you to drive or catch the train to work, you have more flexibility compare to other property owner.

4) Better Hedge Against Inflation

While normal property usually provide hedge against inflation, a good property provide far more income that the normal 4-8% appreciation per year.

5) Starting a New Business

A shop near MRT Station with high people flow? An independent themed hotel renovated from your SOHO? The convenience and effect of MRT creates many business opportunities for the person who know it.